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Renowned market analyst Peter Schiff has once again stirred the crypto space with his latest remarks on Bitcoin's ongoing market struggles. According to Schiff, the only possible lifeline for Bitcoin’s current downturn would be a strategic Bitcoin reserve announcement by former President Donald Trump. In a recent X post, Schiff emphasized, “I think the only thing that can delay a Bitcoin meltdown is Trump.” He suggested that if Trump were to endorse the idea of accumulating Bitcoin for national reserves, it could potentially reverse the declining trend. However, Schiff likened this move to quantitative easing, where the Federal Reserve purchases assets to stimulate economic activity, but he ultimately dismissed the scenario as unlikely.$BNB

Bitcoin Bears Taking Over? 📉
At the time of writing, Bitcoin is trading at $88,431, reflecting a 1.66% decline. Schiff took this opportunity to mock Bitcoin holders, declaring, “Turn out the lights, the Bitcoin $100,000 party is over.” He further argued that despite Bitcoin entering a bearish phase, there hasn’t been significant panic selling or capitulation, which, in his view, suggests the downturn could be far from over. His skepticism aligns with Bitcoin’s latest dip to a three-month low of $86,000, dragging the broader crypto market down with it.
Strategic Bitcoin Reserve – A Controversial Move?
Schiff also criticized the idea of a government-backed Bitcoin reserve, calling it “the worst monetary mistake” the U.S. could make. While Trump had previously signed an executive order directing officials to explore the feasibility of a strategic national digital asset stockpile, Schiff dismissed it as a political maneuver rather than a genuine push to integrate cryptocurrency into the financial system. He argued that such a move was primarily aimed at benefiting certain stakeholders rather than fostering real economic innovation.
As Bitcoin navigates this volatile market phase, the debate over government involvement in crypto remains as heated as ever. Whether Trump’s potential influence will play a role in Bitcoin’s future remains to be seen, but one thing is certain—the market is watching closely. 🚀🔍
#Bitcoin #CryptoNews #BTC #TrumpBitcoin #CryptoReserve

Sentiment remains “mixed” following the Fed's December meeting and the holiday season, but according to some, the trend remains intact.
Bitcoin broke above its $100,000 price tag for the first time this year as a significant tailwind continues to spur trader sentiment following last year’s historic run.
At the time of writing, the Bitcoin price has reached as high as $101,192 before retracing slightly, according to CoinGecko. It's still well far of its all-time high of $108,135.
Sunday’s move follows a nearly three-week period where the world’s largest digital asset traded below the psychological milestone, having dropped 5.6% in a single day on December 18.
While crypto and broader equities shuddered when the Federal Reserve announced its revised dot plot outlook for future interest rate cuts in late December, the mood remains optimistic, with some of last year’s most popular digital assets gunning for a recovery.
Still, crypto’s trading environment remains “mixed” following the December FOMC meeting and the subsequent holiday season, according to digital asset investment research firm 10x Research.

“Rather than a continuous rally, Bitcoinappears to be navigating a tactical trading range, presenting opportunities for strategic positioning rather than a straightforward bullish trend,” the firm wrote in a note to investors on Sunday.
President-elect Donald Trump’s plan to implement a U.S. strategic Bitcoin reserve following his inauguration on January 20 continues to weigh on investor’s minds.
The proposal involves the U.S. government retaining its current bitcoin holdings—approximately 210,000 bitcoins valued at around $21 billion, primarily acquired through criminal seizures—and potentially acquiring more.
It aligns with the Bitcoin Act of 2024, proposed by Senator Cynthia Lummis, which calls for the U.S. Treasury and the Fed to acquire 1 million bitcoins over five years, about 5% of the global supply.
Whether Trump can follow through on his promise once he regains the Whitehouse this month remains to be seen. Still, experts Decrypt previously spoke to say the mere prospect put forward by a future president will continue to bolster the outlook for the first half of the year.
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